Cboe FX Markets' Trading Volume Drops in April by 24%
- The platform reported excellent metrics for March.
- The latest metrics improved year-over-year.

Cboe FX Markets, which is a major institutional foreign exchange (forex) spot trading venue, reported a drop in trading volume for April 2022. The platform reported $777.1 billion in total monthly volumes, which was a drop of almost 24 percent from the previous month.
March was one of the best months for the American forex trading venue in terms of volumes. The trading platform
Trading Platform
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
Read this Term reported $1.02 trillion in trading volume for March, making it the second-best month in its operational history.
However, on a year-over-year basis, the trading venue strengthened its position with a trading volume increase of almost 14.8 percent.
Further, Cboe ended last month with an average daily volume (ADV) of $37 million. It was 16.6 percent lower than the previous month but 20.5 percent higher than April of the previous year. April 2022 had 21 trading days compared to 23 in March and 22 in the same month of 2021.
Increasing Demand
Cboe operates one of the two largest derivatives exchanges in the United States. Additionally, spot forex trading volumes on the platform showcase the demand trend for such instruments with institutional players.
Meanwhile, Cboe recently reported that its revenue for the first three months of 2021 jumped by 14 percent year-over-year to $418.1 million and 7 percent quarter-over-quarter. However, the diluted earnings per share of the company declined by 20 percent, primarily because of $48.5 million in additional tax reserves.
Cboe FX Markets, which is a major institutional foreign exchange (forex) spot trading venue, reported a drop in trading volume for April 2022. The platform reported $777.1 billion in total monthly volumes, which was a drop of almost 24 percent from the previous month.
March was one of the best months for the American forex trading venue in terms of volumes. The trading platform
Trading Platform
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
Read this Term reported $1.02 trillion in trading volume for March, making it the second-best month in its operational history.
However, on a year-over-year basis, the trading venue strengthened its position with a trading volume increase of almost 14.8 percent.
Further, Cboe ended last month with an average daily volume (ADV) of $37 million. It was 16.6 percent lower than the previous month but 20.5 percent higher than April of the previous year. April 2022 had 21 trading days compared to 23 in March and 22 in the same month of 2021.
Increasing Demand
Cboe operates one of the two largest derivatives exchanges in the United States. Additionally, spot forex trading volumes on the platform showcase the demand trend for such instruments with institutional players.
Meanwhile, Cboe recently reported that its revenue for the first three months of 2021 jumped by 14 percent year-over-year to $418.1 million and 7 percent quarter-over-quarter. However, the diluted earnings per share of the company declined by 20 percent, primarily because of $48.5 million in additional tax reserves.